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THE SIMPLE FACTSTM...Stockbrokers, registered investment advisers and financial planners are required by law to deal with their client's with the utmost integrity. This means that they have a duty - fiduciary duty - to put the client's interests ahead of their interests.
If the stockbroker or investment adviser breaches that fiduciary duty and causes you injury, you may have a stock fraud claim and may be able to recover damages for any losses caused by the stockbroker’s misconduct.
The federal and state securities laws protect investors from securities and stockbroker fraud claims, and the laws may apply to many financial instruments.
A broker or investment advisor should:
- manage accounts in a manner directly in line with the needs and objectives of the customer
- act responsively and keep his client up to date on each completed transaction
- explain the impact and potential risks of the recommended trading strategy.
A securities fraud claim may include one of the following:
- Breach of Fiduciary Duty/Negligence
- Churning/Excessive trades and Unauthorized Stock Trade
- Failure to Execute Securities Orders
- Failure to Supervise Stockbrokers
- Misstatements and Material Omissions
- Unsuitable Securities Claims
For more information on Securities and Stockbroker Fraud, click here.
Quite frankly, the simple factsTM about securities and stockbroker fraud and the various ways a stockbroker may injure investors are unacceptable.
If you have been harmed by stockbroker or investment fraud, please fill out the case evaluation form on this website or call our office.
In addition, an MDL has been setup in the Northern District of Texas for Stanford Entities Securities Litigation (IN RE: Stanford Entities Securities Litigation Litigation No. 2099).
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